Strategic Report pages 1 to 65 | 3 |
1 Our purpose | 3 |
2 Investment case | 4 |
3 Financial and operational highlights | 5 |
4 At a glance | 6 |
6 Chair’s Statement | 8 |
8 Chief Executive Officer’s Statement | 10 |
10 Market context | 12 |
14 Business model | 16 |
18 Sustainability and the environment | 20 |
20 Sustainable investment strategy | 22 |
22 Sustainability strategy: TCFD disclosure framework | 24 |
30 Colleagues and culture | 32 |
36 Relationship with stakeholders | 38 |
38 Section 172 statement | 40 |
43 Non-financial information statement | 45 |
46 Key performance indicators | 48 |
48 Business review | 50 |
58 Risk management | 60 |
60 Principal risks and uncertainties | 62 |
64 Returned to growth | 66 |
Governance Report pages 66 to 113 | 68 |
66 Chair’s introduction to Governance | 68 |
68 Board of Directors | 70 |
72 Senior leadership | 74 |
74 Governance in operation | 76 |
81 Nomination and Governance Committee Report | 83 |
84 Group Audit Committee Report | 86 |
90 Group Risk and Compliance Committee Report | 92 |
93 Directors’ Remuneration Report | 95 |
109 Directors’ Report | 111 |
113 Directors’ Responsibilities | 115 |
Financial Statements pages 114 to 188 | 116 |
114 Independent Auditors’ Report | 116 |
123 Consolidated statement of comprehensive income | 125 |
124 Consolidated statement of changes in equity | 126 |
125 Consolidated statement of financial position | 127 |
126 Consolidated statement of cash flows | 128 |
127 Notes to the consolidated financial statements | 129 |
174 Statement of changes in equity of the Company | 176 |
175 Statement of financial position of the Company | 177 |
176 Statement of cash flows of the Company | 178 |
177 Notes to the Company financial statements | 179 |
180 Additional financial information | 182 |
183 Information for shareholders | 185 |
185 Directors and advisers | 187 |
186 Glossary | 188 |
188 Abbreviations | 190 |
Powered by FlippingBook